Featrued chart by Stockcharts.com Elliott Wave Analysis by Raul Fernando Luna Toro BTC is sliding quickly to Minor Degree lower channel trend line. And given the complete impulse at %25250.00, chances are good the benchmark crypto is most likely pushing through this support. The 21351.07 Minor degree low is the next support level and a…
Bitcoin to Correct Bull Run
EWFOREX.NET Featured Chart by Stockcharts.com Technical Analysis by Raul Fernando Luna Toro Price Action The Bitcoin uptrend seems to have ended. Price reached two intraday highs of $25250 on Feb 16 and Feb 21, forming a double top pattern. Currently, the cryptocurrency has fallen and is trading at the $23700, which is slightly above yesterday’s…
FOMC Forewarns Rate Hikes
EWFOREX.NET Economic Fundamentals tradingeconomics.com Technical Analysis by Raul Fernando Luna Toro Fundamentals During the first monetary policy meeting of 2023, the US Federal Open Market Committee (FOMC) discussed the possibility of increasing the federal funds rate by 25 basis points. According to the previous minutes meeting, nearly all FOMC members believed that such a rate…
Las acciones estadounidenses se desploman y empañan el sentimiento global.
Raul Fernando Luna Toro EWFOREX.NET Technical Analysis Para medir el sentimiento financiero en Estados Unidos y en el mundo, no hay mejor indicador que el mercado de valores estadounidense. El índice SPX500 acaba de caer por debajo del mínimo entredía del viernes y ahora está probando la línea de tendencia del canal bajista de Minute…
El crecimiento de la actividad empresarial de la zona euro alcanza un máximo de 9 meses
EWFOREX.NET Economic Fundamentals by TradingEconomic.com Technical Analysis by Raul Fernando Luna Toro Economic Fundamentals La estimación preliminar mostró que el PMI compuesto de S&P Global Eurozone aumentó a 52.3 en febrero de 2023, frente a 50.3 del mes anterior y superando fácilmente el consenso del mercado de 50.6. La lectura más reciente indicó la expansión…
¡El rendimiento a 10 años de EE. UU. rebota desde el nivel de soporte!
¡Se dirige de vuelta hacia la resistencia del 3,90%! Raul Fernando Luna Toro EWFOREX.NET Rendimiento de EE. UU. a 10 años ¡Buenos días a todos! El bono estadounidense a 10 años subió hasta el 3,927 % el viernes antes de establecerse para cerrar en el 3,82 %. Esta mañana, el rendimiento de referencia abrió en…
Bitcoin Falls Through Major Support!
EWFOREX.NET BITMARKETPERU.COM USD/PEN S/3.8258; EUR/USD $1.0239; GOLD $1736; Bitcoin $15786; USOIL 80.25 Bitcoin Falls through the $15588 support raising the odds the crypto is heading to the 10000 support. The $10000 is a crucial support zone. Financial instruments speculative price develops in a certain structure outlined by the Elliott Wave Principle. The structure most likely…
Bitcoin Rally Fizzles! $15588 in sight again!
Bitmarketperu.com USD/PEN S/3.8647; Bitcoin $16586 Gold $1770; USOIL 88.39 EUR/USD $1.0328 COPPER $3.8537 The rally from the $15588.0 Nov 9th low has fizzled into a contraction with its resistance at the $18199.00 and support at the $15815.21 Nov 14th low. Structurally, the pattern has the potential to run up to the $18464.27. There is a…
Global Market Turmoil Continues
USD/PEN S/3.8950; EUR/USD $0.9999; BITCOIN $16801; GOLD $1702.30; USOIL $85.70 EWFORE.NET US DOLLAR/ PERUVIAN SOL fell below the Fibonacci 61.8% Intermediate 2vs1 today hitting a low of 3.88. The Elliott Wave Structure counts five waves at the 3.6222 2021 low. The rally to the near 4.0007 Oct 2022 high is overlapping and most likely a…
Markets Back in Turmoil!
EWFORX.NET USD/PEN S/3.9360; EUR/USD $0.9784; BITCOIN $19284; GOLD $1659; USOIL $82.24; Fundamental This morning markets blood red again! The Dow Jones Futures is down 1.06%. And Europe isn’t faring any better with the Stoxx 600 down -1.43%. And Asia closed red last night with Shanghai down -0.13%. Fundamentals German inflation hit 10% in September. A…